Riocan Reit (TSE:REI.UN) has released an update.
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RioCan Real Estate Investment Trust has successfully completed the issuance of $150 million in Series AJ senior unsecured debentures, with a 5.273% all-in interest rate per annum after accounting for bond forward hedges. The debentures, maturing in 2030, will be used to repay existing debts and were sold in certain Canadian provinces via private placement. These debentures are rated BBB, indicating a stable financial outlook for the company.
For further insights into TSE:REI.UN stock, check out TipRanks’ Stock Analysis page.
